RMBS portfolios have limited exposure to loans in ZIP codes that were included in LA County's mandatory evacuation zones, according to Fitch Ratings. Non-prime loans, which have the highest exposure, ...
Tenants also have a high average credit quality, with 75.9% of them having at least an investment grade rating, and lease assets underlying the class A notes have a loan-to-value (LTV) ratio limited ...
Unlike previous FIGRE deals where overcollateralization provided credit support to the notes, FIGRE Trust 2025-HE1 has a class G composed of principal-only notes that provide the credit support.